New Construction
For Sale
$263,254
155 Northwest 17th Street Unit 100, Redmond, OR 97756
Single-story living includes accessibility features, an open floor plan, and energy-efficient equipment.
Property Size1,242 SF
Price / SF$211.96
Days on Market57
Property Features for 155 Northwest 17th Street Unit 100
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Land
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,400
Amenities
Ceiling Fan(s), Ductless, ENERGY STAR Qualified Equipment, Heat Pump
No
Ductless, Heat Pump
Carpet, Simulated Wood
Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer, Water Heater
Yes
1
2
Low-Emissivity Windows, Double Pane Windows
Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry
Courtyard
Landscaping, Snow Removal, Trash, Water
Covered, Patio, Porch
Building Details
Year Built
2026
Stories
1
Listing Agency:
High Desert Realty, LLC
(541) 797-1555
Listed By:
Kelly Graham Musgrove · License #201214492
(541) 797-1555
Source:
Compass
Added: Jul 6
Changed: Aug 29
Last Checked: Aug 31 at 1:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of High Desert Realty, LLC
Investment Insights
Based on property information with market context.
Located at 155 Northwest 17th Street, Unit 100, this duplex residence was built in 2026 and offers approximately 1242 square feet in a single-story configuration. The layout includes two bedrooms, one and one-half baths, open-concept living space, a kitchen island, pantry, simulated-wood flooring, and carpet. Accessibility features and low-emissivity, double-pane windows are included.
The residence is part of an 18-home community with a sustainability-focused design. Interior equipment includes a heat pump, ductless systems, ceiling fans, ENERGY STAR Qualified Equipment, and a full appliance package with washer and dryer. Exterior features include a covered patio or porch, courtyard, landscaping, water, snow removal, and trash service.
Income restrictions apply for households earning up to 80% of Area Median Income for Deschutes County. First-time homebuyer status and owner occupancy are required.
The residence is part of an 18-home community with a sustainability-focused design. Interior equipment includes a heat pump, ductless systems, ceiling fans, ENERGY STAR Qualified Equipment, and a full appliance package with washer and dryer. Exterior features include a covered patio or porch, courtyard, landscaping, water, snow removal, and trash service.
Income restrictions apply for households earning up to 80% of Area Median Income for Deschutes County. First-time homebuyer status and owner occupancy are required.
Key Highlights
- Approximately 1242 square feet with 2 bedrooms and 1.5 baths
- Built in 2026 with a single‑story, accessibility‑oriented layout
- Open‑concept living area with kitchen island and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,423
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,460
$348.5K
Cap Rate 7%
$248,900
$248.9K
Cap Rate 9%
$193,589
$193.6K
Market Conditions
NOI Build-Up for 1,242 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.8K $21.60/SF
− Vacancy
−$1.9K −$1.56/SF
EGI
$24.9K $20.04/SF
− OpEx
−$7.5K −$6.01/SF
NOI
$17.4K $14.03/SF
Area
Deschutes County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,460
Cap Rate 7%
$248,900
Cap Rate 9%
$193,589
Alternative Uses
Best Use
Multifamily LT 5
$248.9K
$217.8K – $290.4K
NOI $17,423 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$227.2K
$198.8K – $265.1K
NOI $15,906 @ 7.0% cap · market cap 6.04%
Theoretical Best
Retail
$427.4K
$374.0K – $498.7K
NOI $29,921 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 97756, OR
42,168
Population
18,335
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
92%
High-School Grad
126.3 sq mi
ZIP Area
334
Density / Sq Mi
$84,067
Median Household Income
$41,909
Median Earnings
$1,473
Median Rent
$469,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Single-story living includes accessibility features, an open floor plan, and energy-efficient equipment.
Where is this duplex located?
The property is located at 155 Northwest 17th Street Unit 100 Redmond, OR.
What is the asking price?
The asking price for this property is $263,254.
What are key features of this property?
This property features: Approximately 1242 square feet with 2 bedrooms and 1.5 baths; Built in 2026 with a single‑story, accessibility‑oriented layout; Open‑concept living area with kitchen island and pantry
